SCENTRE GROUP (SCG)
Share Price Analysis and Chart

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SCG

SCG - SCENTRE GROUP

FNArena Sector : REITs
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: N/A
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Scentre Group was formed in 2014 through the merger of Westfield Retail Trust and Westfield Group's Australian and New Zealand management business. The company owns, manages and develops Westfield shopping centres in Australia and New Zealand.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.33

24 Mar
2025

0.020

OPEN

$3.27

0.60%

HIGH

$3.35

6,375,796

LOW

$3.27

TARGET
$3.77 13.2% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
SCG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 20.2 22.5 xxx
DPS (cps) xxx 17.2 17.6 xxx
EPS Growth xxx 100.0% 11.1% xxx
DPS Growth xxx 3.6% 2.3% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 85.0% 78.3% xxx

Dividend yield today if purchased 3 years ago: 5.53%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.20

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/02 - ex-div 8.35c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx20.2
DPS All xxxxxxxxxxxxxxx17.2
Sales/Revenue xxxxxxxxxxxxxxx2,637.1 M
Book Value Per Share xxxxxxxxxxxxxxx346.6
Net Operating Cash Flow xxxxxxxxxxxxxxx1,039.0 M
Net Profit Margin xxxxxxxxxxxxxxx39.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx5.86 %
Return on Invested Capital xxxxxxxxxxxxxxx3.28 %
Return on Assets xxxxxxxxxxxxxxx2.92 %
Return on Equity xxxxxxxxxxxxxxx5.86 %
Return on Total Capital xxxxxxxxxxxxxxx5.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx179.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2,447 M
Long Term Debt xxxxxxxxxxxxxxx14,328 M
Total Debt xxxxxxxxxxxxxxx16,774 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx381 M
Price To Book Value xxxxxxxxxxxxxxx0.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx17.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.64 %
Cost of Goods Sold xxxxxxxxxxxxxxx796 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx124 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx32,868 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

05/03/2025

1

Buy

$3.90

17.12%

Scentre Group presented at the Citi 2025 Global Property CEO Conference and pointed to the retail sector performing well due to robust demand, limitations on supply, and good pricing power, the broker reports.

There is believed to be a longer-term growth opportunity in residential development, with the group securing the Hornsby project following major rezoning across several sites.

An expectation of interest rate cost savings in the coming years was also noted. Citi rates the stock as Buy, with a target price of $3.90.

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

05/03/2025

2

Overweight

$3.95

18.62%

Jarden believes expectations for Scentre Group's FY24 result and FY guidance were a bit too optimistic as the result revealed operating cost inflation partially offset the strong leasing momentum.

Also, the tailwind from the Hybrid refinancing is taking longer than expected.

The broker expects rising operating expenses to continue in FY25 and net income growth of 3-4% is considered realistic for the next few years.

The broker notes weighted average cost of capital (WACD) is a full 100bps above the marginal cost of debt, and has updated forecasts to reflect higher WACD plus higher operating expenses.

Target price is $3.95 and rating is Overweight.

FORECAST
Jarden forecasts a full year FY25 dividend of 18.00 cents and EPS of 22.80 cents.
Jarden forecasts a full year FY26 dividend of 18.90 cents and EPS of 24.00 cents.
Access Extra Coverage Research History >

SCG STOCK CHART

FNArena News on SCG

1
Rudi’s View: Post February Conviction Calls

Mar 13 2025 - Rudi's View
2
Post Bottom, Focus Shifts To A-REITs Potential

Mar 13 2025 - Feature Stories
3
Rudi’s View: To Sell Or Not To Sell

Mar 06 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Mar 05, 2025

Mar 05 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 27-02-2025

Feb 27 2025 - Australia

Latest REITs News

1
Australian Listed Real Estate Tables – 24-03-2025

Mar 24 2025 - Weekly Reports
2
Australian Listed Real Estate Tables – 17-03-2025

Mar 17 2025 - Weekly Reports
3
Post Bottom, Focus Shifts To A-REITs Potential

Mar 13 2025 - Feature Stories
4
Australian Listed Real Estate Tables – 10-03-2025

Mar 10 2025 - Weekly Reports
5
Australian Listed Real Estate Tables – 03-03-2025

Mar 03 2025 - Weekly Reports
6
Australian Listed Real Estate Tables – 24-02-2025

Feb 24 2025 - Weekly Reports
7
Australian Listed Real Estate Tables – 17-02-2025

Feb 17 2025 - Weekly Reports
8
Australian Listed Real Estate Tables – 10-02-2025

Feb 10 2025 - Weekly Reports
9
Australian Listed Real Estate Tables – 03-02-2025

Feb 03 2025 - Weekly Reports
10
Ask FNArena: CSL, Charter Hall & Dexus

Dec 16 2024 - Rudi's View